Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.
Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you've invested
The most important organ in the body as far as the stock market is concerned is the guts, not the head. Anyone can acquire the know-how for analyzing stocks.
The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.
I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.
Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.
Stocks are a safe bet, but only if you stay invested long enough to ride out the corrections.
When you sell in desperation, you always sell cheap.
In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it.
Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.
Spend at least as much time researching a stock as you would choosing a refrigerator.
Investing in stocks is an art, not a science, and people who've been trained to rigidly quantify everything have a big disadvantage.
You should not buy a stock because it's cheap but because you know a lot about it.
Know what you own, and know why you own it.
Time is on your side when you own shares of superior companies.
My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.
You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.
The Rule of 72 is useful in determining how fast money will grow. Take the annual return from any investment, expressed as a percentage, and divide it into 72. The result is the number of years it will take to double your money.
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
An important key to investing is to remember that stocks are not lottery tickets.
If you can follow only one bit of data, follow the earnings - assuming the company in question has earnings. I subscribe to the crusty notion that sooner or later earnings make or break an investment in equities. What the stock price does today, tomorrow, or next week is only a distraction.
Just because you buy a stock and it goes up does not mean you are right. Just because you buy a stock and it goes down does not mean you are wrong.
Everyone has the brain power to make money in stocks. Not everyone has the stomach.
Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.
Owning stocks is like having children - don't get involved with more than you can handle.
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